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Apr 11 min read

Transocean secures extension on Deepwater Asgard for 1 year at $534,000 day rate versus current day rate of $440,000 up 21.4%

New contract extension was just announced for Deepwater Asgard after the market close at a strong day rate of $534,000 reflecting an...

Mar 102 min read

Offshore drillers appear to be undervalued and present 35-56% price upside in 2024.

According to 1 year analyst price targets these three offshore drillers present significant upside in 2024. Noble Corporation – 2024...

Feb 252 min read

Transocean still presents a significant upside in value after the Fleet Status Report and Q4 Earnings Report came in slightly below estimates.

Revenue Outlook On the positive side revenue growth was up 10% in FY 2023 after several years of declines marking that the turnaround is...

Feb 142 min read

Transocean's backlog disappoints but their day rates continue to make great progress!

Backlog declined for the first time since Q1 2022 but remains at $9 billion. Backlog declined from $9.4 billion in Q4 to $9.0 billion in...